14th Mar 2024 11:45
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | J.P. Morgan Equities South Africa Proprietary Ltd |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Mondi plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate broker to Smith (DS) plc |
(d) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 13 March 2024 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | Yes, Smith (DS) plc |
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
| EUR 0.22 ordinary
| |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 242,279 | 0.05 | 0 | 0 |
(2) Cash-settled derivatives:
| 0 | 0 | 724,964 | 0.16 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
TOTAL: | 242,279 | 0.05 | 724,964 | 0.16 |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists: |
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Details, including nature of the rights concerned and relevant percentages: |
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3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received
| Lowest price per unit paid/received
|
EUR 0.22 ordinary
| Purchase
Sale | 51,102
20,632 | 319.0200 ZAR
317.8600 ZAR | 313.4150 ZAR
313.4750 ZAR |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit
|
EUR 0.22 ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Long Position
Opening a Short Position
| 463 12,261 1,714 1,553 1,992 685 2,469 3,631 1,859 1,173 3,491 2,012
48
1,159 114 5,822 408 241 399 570 128 371 924 27 564 558 53 630
1,843 1,103 530 1,011 490 889 368 179 988 72 2,604 60
216 1,283 265 78 1,177 1,056 1,588
12 308 1,370 462 265 758 126 2,362 | 313.9300 ZAR 313.9570 ZAR 314.5636 ZAR 314.7182 ZAR 315.0634 ZAR 315.1254 ZAR 315.2732 ZAR 315.6709 ZAR 315.6802 ZAR 316.2175 ZAR 317.1450 ZAR 318.0127 ZAR
315.3028 ZAR
313.9480 ZAR 314.0000 ZAR 314.3501 ZAR 314.6436 ZAR 314.6665 ZAR 315.0977 ZAR 315.5216 ZAR 315.7300 ZAR 315.8789 ZAR 315.9345 ZAR 315.9652 ZAR 316.2419 ZAR 317.0651 ZAR 317.4300 ZAR 317.6071 ZAR
313.9300 ZAR 314.1131 ZAR 314.6215 ZAR 314.7423 ZAR 314.9816 ZAR 315.1184 ZAR 315.5826 ZAR 315.9600 ZAR 316.0926 ZAR 316.1300 ZAR 317.2066 ZAR 319.0615 ZAR
314.8103 ZAR 315.0550 ZAR 315.1861 ZAR 315.2700 ZAR 315.9604 ZAR 317.3621 ZAR 317.4913 ZAR
313.4150 ZAR 314.6478 ZAR 315.0529 ZAR 315.1533 ZAR 315.1861 ZAR 315.5325 ZAR 316.0500 ZAR 316.9831 ZAR |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
None
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(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None
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(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 14 March 2024 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Mondi